SolarWinds Co. (NYSE:SWI) Receives $15.00 Consensus PT from Analysts

Shares of SolarWinds Co. (NYSE:SWI) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.00.

Several equities research analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Wedbush initiated coverage on SolarWinds in a report on Thursday, December 19th. They set an “outperform” rating and a $20.00 price target for the company.

Insider Transactions at SolarWinds

In other news, insider Jason Bliss sold 135,000 shares of SolarWinds stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the completion of the transaction, the insider now directly owns 838,789 shares in the company, valued at $10,921,032.78. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Bock sold 16,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total transaction of $210,080.00. Following the completion of the sale, the director now owns 88,857 shares in the company, valued at $1,166,692.41. This represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,000 shares of company stock valued at $4,703,780 in the last 90 days. 1.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SolarWinds

Several institutional investors have recently bought and sold shares of SWI. GAMMA Investing LLC boosted its holdings in SolarWinds by 344.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock worth $27,000 after acquiring an additional 1,603 shares during the last quarter. Allworth Financial LP lifted its position in shares of SolarWinds by 732.1% during the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock valued at $49,000 after purchasing an additional 3,331 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in SolarWinds by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after purchasing an additional 1,001 shares during the last quarter. West Tower Group LLC grew its position in SolarWinds by 38.3% in the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock worth $94,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in SolarWinds by 74.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 9,425 shares of the software maker’s stock valued at $114,000 after buying an additional 4,025 shares during the last quarter. Institutional investors own 93.96% of the company’s stock.

SolarWinds Price Performance

Shares of NYSE:SWI opened at $14.08 on Thursday. The firm has a market cap of $2.40 billion, a PE ratio of 63.99 and a beta of 0.94. SolarWinds has a 52 week low of $10.14 and a 52 week high of $14.94. The firm’s fifty day moving average is $13.95 and its 200-day moving average is $13.02. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The company had revenue of $200.03 million during the quarter, compared to analysts’ expectations of $194.03 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that SolarWinds will post 0.74 earnings per share for the current year.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.